By 2030, more than 20% of U.S. residents are projected to be aged 65+. The number of people in oldest cohort (85+) is projected to grow from 5.9MM to 8.9MM by 2030 and 18MM by 2050.  In a year-end report by the National Investment Center the annual total returns (unlevered) through the end of Q3 2017 for seniors housing exceeded 12%